Download this statement in PDF (15KB) format. Download all financial statements in PDF (308KB) format. (In millions—except per share amounts) 1999 for quarter ended December 25 September 25 June 26 March 27 Net revenues $ 8,212 $ 7,328 $ 6,746 $ 7,103 Cost of sales $ 3,176 $ 3,026 $ 2,740 $ 2,894 Net incomeA $ 2,108 $ 1,458 $ 1,749 $ 1,999 Basic earnings per share $ .63 $ .44 $ .53 $ .60 Diluted earnings per share $ .61 $ .42 $ .51 $ .57 Dividends per shareB Declared $ — $ .060 $ — $ .050   Paid $ .030 $ .030 $ .030 $ .020 Market price range common stockC High $ 83.13 $ 89.31 $ 66.06 $ 70.47 Low $ 65.13 $ 57.00 $ 50.50 $ 54.91 (In millions—except per share amounts) 1998 for quarter ended December 26 September 26 June 27 March 28 Net revenues $ 7,614 $ 6,731 $ 5,927 $ 6,001 Cost of salesD $ 3,160 $ 3,176 $ 3,012 $ 2,740 Net incomeA $ 2,064 $ 1,559 $ 1,172 $ 1,273 Basic earnings per share $ .62 $ .46 $ .35 $ .39 Diluted earnings per share $ .59 $ .44 $ .33 $ .36 Dividends per shareB Declared $ — $ .035 $ — $ .015   Paid $ .020 $ .015 $ .015 $ .015 Market price range common stockC High $ 62.50 $ 45.72 $ 42.41 $ 47.09 Low $ 39.22 $ 35.59 $ 32.97 $ 35.13 Market price range step-up warrantsC High $ — $ — $ — $ 36.56 Low $ — $ — $ — $ 24.73 A Net income for the third and fourth quarters of 1999 reflects charges of $333 million and $59 million, respectively, for purchased in-process research and development related to acquisitions. Net income for the first quarter of 1998 reflects a similar charge of $165 million.   B As of the second quarter of 1998, the company had adopted a new dividend declaration schedule which results in the Board of Directors considering two dividend declarations in the first and third quarters of the year and no declarations in the second and fourth quarters. A dividend was paid in each quarter of 1999 and 1998.   C Intel's common stock (symbol INTC) trades on The Nasdaq Stock Market* and is quoted in the Wall Street Journal and other newspapers. Intel's 1998 step-up warrants traded on The Nasdaq Stock Market prior to their March 1998 expiration. Intel's common stock also trades on The Swiss Exchange. At December 25, 1999, there were approximately 238,000 registered holders of common stock. All stock and warrant prices are closing prices per The Nasdaq Stock Market, as adjusted for stock splits.   D Cost of sales for 1998 reflects the reclassification of amortization of goodwill and other acquisition-related intangibles to a separate line item.

* Legal Information © 2000 Intel Corporation Content published April 12, 2000.